![]() ![]() When we visited both Old Navy and H&M, we found this statement to hold true for both stores - while both had a lot of great deals, they both still had a few overpriced outliers. Business Insider's Mary Hanbury reported that analysts believe H&M has a brand issue because it's not the cheapest store, and its clothes are not the best quality nor the most fashionable. In June, it reported flat sales growth for the second straight quarter. ![]() In the first quarter of 2018, operating profit at H&M decreased 62%. H&M, a competitor of Old Navy, has had its fair share of struggles lately. ![]() Old Navy has become a secret weapon for Gap Inc., seeing sales growth of 3% in its most recent fiscal quarter. In late 2017, Gap announced it would be shifting its focus away from its namesake brand and Banana Republic in favor of the Old Navy and Athleta brands. Old Navy and H&M have become go-to stores for inexpensive basics like t-shirts and sundresses. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |